The Australian Financial Review --- Page: 1/8 : 29 February 2008 Original article by Mark Phillips
LexisNexis Summary
Australia's Housing Minister, Tanya Plibersek, says the Government will provide tax credits of about $A6,000 per dwelling. The allocation to corporate investors, which is provided for under the 2008 Budget, is aimed at encouraging institutional and superannuation funds to undertake affordable housing projects. Meanwhile, the Australian states are thought to be considering initiatives such as land releases and cutting stamp duty as their contribution to the National Affordability Rental Scheme. The scheme is targeted at "key workers" in full-time positions at low and middle-income levels.
